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Letter from Iran: Nuclear miscalculation
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
Mideast plans big spending on gas to meet demand
The region’s gas producers are investing heavily in the fuel in order to satisfy burgeoning demand resulting from economic growth and a shift to cleaner fuels
Developing Africa draws gas processing investment
The continent is home to mega-scale projects on both its east and west coasts as its growing economies see rising demand for gas
Turkey’s gas bridge under threat
The country plays a vital role in connecting Asia to Europe, but the expiration of Russian contracts and the ramifications of the war in Iran are placing it under pressure
Gas growth cools in 2025
The GECF has warned it may revise its projections for demand this year downwards in light of conflict in the Middle East, although it maintains its forecasts for 2027 and onwards
Do not politicise a geopolitical crisis – Ydreos
The Strait of Hormuz disruption has exposed weakness in the global energy system and reignited debate over security of supply, but it should not be used to justify an accelerated shift away from fossil fuels, says the secretary general of the IGU
The spectre of a European gas price cap returns
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
Letter from London: The oil market should panic tomorrow
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
The diesel crisis
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
European gas: From bad to much worse
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
Kuwait and Saudi Arabia face gas scarcity
Iran Kuwait Saudi Arabia Gas
Clare Dunkley
3 May 2022
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PNZ gas project sparks Tehran’s ire

Kuwait and Saudi Arabia’s domestic scarcity has driven the formal revival of longstanding plans to tap the shared Dorra field

Iran has lodged immediate objections to Mideast Gulf neighbours Saudi Arabia and Kuwait’s late March revival of a landmark project to develop the Dorra non-associated offshore gas field in the Partitioned Neutral Zone (PNZ)—an area of shared acreage along their common borders. Tehran claims partial sovereignty over the field. With both partners increasingly short of gas and flush with oil revenues, the timing appears propitious for realising plans for the untapped resource, first unearthed some 80 years ago, that date back two decades. The foundations of the latest pact were laid in December 2019, when Kuwait and Saudi Arabia patched up a sovereignty dispute that had forced the closure of th

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